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i am told, though, that there was no real progress in negotiations. in this sense there was no breakthrough on that central point of tax rates. as you know, president obama insists there is no deal unless the gop agrees to raise rates on the top 2% of earners. the gop says that's a nonstarter. and the two men have not moved from that basic position. now, all of this comes at the same time treasury secretary geithner also said for the first time the administration would be willing to go over the fiscal cliff if the gop does not agree to raise those rates. this was treasury secretary geithner earlier today on cnbc. >> is the administration prepared to go over the fiscal cliff? >> oh, absolutely. there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest. all those americans, too, get a tax cut on the first $250,000 of their income. so, in some sense it's a tax cut for all americans. >> reporter: bottom line, anderson, we're talking today but still at stalemate. >> yeah, i mean, it's a sign, jessica and
i am told, though, that there was no real progress in negotiations. in this sense there was no breakthrough on that central point of tax rates. as you know, president obama insists there is no deal unless the gop agrees to raise rates on the top 2% of earners. the gop says that's a nonstarter. and the two men have not moved from that basic position. now, all of this comes at the same time treasury secretary geithner also said for the first time the administration would be willing to go over the...
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it's a negotiating tactic that president obama always keeps in his tool kit, head to a backyard or living room, sit down with families who say his approach offers economic relief and send a loud message to congress with a personal touch. >> for them to be burdened unnecessarily because democrats and republicans aren't coming together to solve this problem gives you a sense of the costs involved in very personal terms. >> reporter: this time the scene played out in falls church, virginia, at the home of high school teacher tiffany santana and her husband richard who works at a local toyota dealership. also at the table, tiffany's parents who live with them. >> it ain't every day that your president comes into your home. >> reporter: this family's political tattoo is still staked in the front yard. >> i'm concerned. >> reporter: cnn sat down with the santanas after the presidential motorcade road away down james street just nine miles from the white house. because their parents are also middle income wage earners, the entire household would see a $4,000 tax increase if an agreement isn't re
it's a negotiating tactic that president obama always keeps in his tool kit, head to a backyard or living room, sit down with families who say his approach offers economic relief and send a loud message to congress with a personal touch. >> for them to be burdened unnecessarily because democrats and republicans aren't coming together to solve this problem gives you a sense of the costs involved in very personal terms. >> reporter: this time the scene played out in falls church,...
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Dec 5, 2012
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part of the negotiations to avoid that fiscal cliff, he made that offer to president obama that includes $800 billion in tax revenue. he wants to overhaul the entire tax code, close loopholes, things like that. he's waiting for a response from the president. listen to what he said. >> you know, this week we made a got faith offer to avert the fiscal crisis and that offer included significant spending cuts and reforms and it included additional revenue. and, frankly, it was the balanced approach that the president has been asking for. now we need a response from the white house. we can't sit here and negotiate with ourselves. >> okay. let's talk about that response from the white house. dan loatthian has been covering that story for us. will it be forthcoming? >> reporter: they did get that offer and the response from the white house was, quote, magic beings and fairy dust. that's how he feels about that. you heard him repeat that in the bloomberg television interview. there is no deal unless taxes go up on wealthiest americans. that's the message that you will hear from the president as
part of the negotiations to avoid that fiscal cliff, he made that offer to president obama that includes $800 billion in tax revenue. he wants to overhaul the entire tax code, close loopholes, things like that. he's waiting for a response from the president. listen to what he said. >> you know, this week we made a got faith offer to avert the fiscal crisis and that offer included significant spending cuts and reforms and it included additional revenue. and, frankly, it was the balanced...
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Dec 5, 2012
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the democrats and some in the press called that a failed negotiation. they didn't finish the sentence. we failed to raise taxes to let the government spend more money. >> but we still were running trillion-dollar deficits. >> yes, the government is spending too much money, and unfortunately, obama has committed to spending more money. he has a trillion -- there's $1 trillion of tax increases baked into the cake because of obama's 20 taxes in obamacare. 90% of those tax increases that obama put into obamacare were conveniently put in to take effect after he got re-elected to the presidency. so there a massive tidal wave of obama tax increases coming at the american people, starting in january. has nothing to do with the fiscal cliff. but it has everything to do with obamacare. >> now, it is true that a lot of those taxes did take place after the election. that's something we pointed out and is a fair point. but let me just ask you about the compromise we have to go to. because like i said, again, to get this done, taxes are -- i mean, they're going to go
the democrats and some in the press called that a failed negotiation. they didn't finish the sentence. we failed to raise taxes to let the government spend more money. >> but we still were running trillion-dollar deficits. >> yes, the government is spending too much money, and unfortunately, obama has committed to spending more money. he has a trillion -- there's $1 trillion of tax increases baked into the cake because of obama's 20 taxes in obamacare. 90% of those tax increases...
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Nov 29, 2012
11/12
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a new report says president obama is being flexible with top tax rates as negotiations intensify. will that help republicans agree to a deal? we'll be talking to republican from wyoming senator john barrasso up next. tdd#: 1-800-345-2550 let's talk about low-cost investing. tdd#: 1-800-345-2550 at schwab, we're committed to offering you tdd#: 1-800-345-2550 low-cost investment options-- tdd#: 1-800-345-2550 like our exchange traded funds, or etfs tdd#: 1-800-345-2550 which now have the lowest tdd#: 1-800-345-2550 operating expenses tdd#: 1-800-345-2550 in their respective tdd#: 1-800-345-2550 lipper categories. tdd#: 1-800-345-2550 lower than spdr tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and even lower than vanguard. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 that means with schwab, tdd#: 1-800-345-2550 your portfolio has tdd#: 1-800-345-2550 a better chance to grow. tdd#: 1-800-345-2550 and you can trade all our etfs online, tdd#: 1-800-345-2550 commission-free, from your schwab account. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 so let's talk about saving money, tdd#: 1-800-345-2
a new report says president obama is being flexible with top tax rates as negotiations intensify. will that help republicans agree to a deal? we'll be talking to republican from wyoming senator john barrasso up next. tdd#: 1-800-345-2550 let's talk about low-cost investing. tdd#: 1-800-345-2550 at schwab, we're committed to offering you tdd#: 1-800-345-2550 low-cost investment options-- tdd#: 1-800-345-2550 like our exchange traded funds, or etfs tdd#: 1-800-345-2550 which now have the lowest...
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Nov 30, 2012
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what's the next move for the obama administration? we're going to talk to harvard economics progresser ken rogoff. >> we know the identity of at least one of the two big powerball jackpot winners. we'll take you to mark hill's hometown dearborn missouri coming up. bayer? this isn't just a headache. trust me, this is new bayer migraine. [ male announcer ] it's the power of aspirin plus more in a triple action formula to relieve your tough migraines. new bayer migraine formula. no, no, no, stop! humans -- one day, we're coming up with the theory of relativity, the next... stop, stop, stop! my car! not so much. but that's okay. you're covered with great ideas like optional better car replacement from liberty mutual insurance. total your car, and we give you the money to buy one a model year newer. learn about it at libertymutual.com. liberty mutual insurance. responsibility -- what's your policy? a hybrid? most are just no fun to drive. now, here's one that will make you feel alive. meet the five-passenger ford c-max hybrid. c-max says h
what's the next move for the obama administration? we're going to talk to harvard economics progresser ken rogoff. >> we know the identity of at least one of the two big powerball jackpot winners. we'll take you to mark hill's hometown dearborn missouri coming up. bayer? this isn't just a headache. trust me, this is new bayer migraine. [ male announcer ] it's the power of aspirin plus more in a triple action formula to relieve your tough migraines. new bayer migraine formula. no, no, no,...
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Nov 29, 2012
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president obama is meeting with mitt romney later today. do you have any idea what they plan to discuss? >> you know, there's a lot of speculation about governor romney playing a role in the administration. but the president himself, during his victory speech after he was re-elected talked about wanting to sit down with mitt romney to talk about ways of moving the country forward. during his post re-election news conference, the president was asked about what roles he could play or if -- what the president hoped to gain from him. the president talked about how mitt romney did a good job with the olympics, and he thought in turning around the olympics, some of that could be used to streamline government and make it more user friendly. that's what we expect for the president to be discussing with mitt romney when they sit down today for lunch at the white house. of course everyone is speculating about some possible role he could play in this white house. it's interesting because it's a very high-profile bipartisan showing from the president t
president obama is meeting with mitt romney later today. do you have any idea what they plan to discuss? >> you know, there's a lot of speculation about governor romney playing a role in the administration. but the president himself, during his victory speech after he was re-elected talked about wanting to sit down with mitt romney to talk about ways of moving the country forward. during his post re-election news conference, the president was asked about what roles he could play or if --...
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Dec 4, 2012
12/12
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but instead of private negotiations, he's on thing for a public appeal. let's go to our chief white house correspondent, jessica yellin, for the latest. jessica? >> reporter: hi, wolf. that's right. today, president obama went public, rejecting speaker boehner's proposal for a deficit reduction plan and insisting that any deal must include a proposal to increase rates for the wealthiest. he did it all in a tv interview. what does president obama think of speaker boehner's proposal to avert the fiscal cliff. >> unfortunately, the speaker's proposal right now is still out of balance. you know, he talk, for example, about $800 billion worth of revenues, but he says he's going to do that by lowering rates. and when you look at the math, it doesn't work. >> reporter: and he won't agree to eliminate a tax deduction for contributions to charity. >> every hospital and university and not-for-profit agency across the country would suddenly find themselves on the verge of collapse. so that's not a realistic option. >> reporter: but the president didn't say all this
but instead of private negotiations, he's on thing for a public appeal. let's go to our chief white house correspondent, jessica yellin, for the latest. jessica? >> reporter: hi, wolf. that's right. today, president obama went public, rejecting speaker boehner's proposal for a deficit reduction plan and insisting that any deal must include a proposal to increase rates for the wealthiest. he did it all in a tv interview. what does president obama think of speaker boehner's proposal to...
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Nov 29, 2012
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and the reason it is particular fun is that obama promised he would do obamacare in front of c-span and didn't and said he would. and nancy pelosi, boehner and the president that bills would be online for a readable time. needs to be seven days. >> we are on c-span. we're online. and i want to be clear about this. you're not against new revenue? >> i'm certainly for new revenue for economic growth and to give you two numbers to set the stage. this is important. grow at 4% rather than 2%. reagan percentages rather than french or obama percentages, 4% rather than 2% for one decade that would net $5 trillion in additional revenue and pay down the debt obama ran up and pay down in a decade from stronger growth. you don't get stronger growth by raising taxes, but less growth. raising taxes doesn't give you the revenue but growth gives you the revenue. notin favor of real growth imaginary revenue. >> the flip side of the tom cole argument, if you don't agree to a small tax hike now, tax hike, there will be a much bigger tax hike to take place which would be everyone's taxes would go up wh
and the reason it is particular fun is that obama promised he would do obamacare in front of c-span and didn't and said he would. and nancy pelosi, boehner and the president that bills would be online for a readable time. needs to be seven days. >> we are on c-span. we're online. and i want to be clear about this. you're not against new revenue? >> i'm certainly for new revenue for economic growth and to give you two numbers to set the stage. this is important. grow at 4% rather...
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Dec 6, 2012
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president obama speech to members of the business roundtable about the negotiations and the economy. he told ceos he would not negotiate. because of technical problems, we can only show you part of his remarks. >> we are grateful for both the electricity and the engagement we have had with members of your team. i know your team has really reached out significantly over the last few months to many people in this room and i know personally, the outreach to us is genuine and we know you are seeking solutions. but that was outlined very sincerely this morning when we met with jack and the rest of the team. i hope you get the same sense of purpose and commitment from us as we engage with you. there aren't a lot of wallflowers' in here. we are eager for a two-way exchange nonetheless. hopefully your take away would be to have a useful purpose in the dialogue. mr. president, thank you for joining us today. [applause] >> good morning everybody. it is great to see all of you. many of you had a chance to see individually or in small groups over the last several months but good to be back at th
president obama speech to members of the business roundtable about the negotiations and the economy. he told ceos he would not negotiate. because of technical problems, we can only show you part of his remarks. >> we are grateful for both the electricity and the engagement we have had with members of your team. i know your team has really reached out significantly over the last few months to many people in this room and i know personally, the outreach to us is genuine and we know you are...
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Dec 6, 2012
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we hope the president will be coming to the table and be serious about negotiating. >> president obama has an unbelievable opportunity to be a transformational president, that is, to bring the country together uniquely and solve this debt problem in ways that other presidents haven't really had that opportunity, or he can dissolve into zero-sum-game politics, where he wins and other people lose. i have seen an attribute in president obama when i served with him in the state senate where he was able to rise above and transform some very controversial issues in a way that was powerful. and it's my hope that president obama rises to this opportunity, avoids this zero-sum-game splash and instead leads the nation in ways that only one person can do, that is the president of the united states. house republicans are prepared to get to yes. house republicans are not prepared to get to foolish. and it is foolish to reject president obama's own self- described architecture of $3 in spending cuts for every dollar in new revenue. we are prepared to work and call on the white house to do the same t
we hope the president will be coming to the table and be serious about negotiating. >> president obama has an unbelievable opportunity to be a transformational president, that is, to bring the country together uniquely and solve this debt problem in ways that other presidents haven't really had that opportunity, or he can dissolve into zero-sum-game politics, where he wins and other people lose. i have seen an attribute in president obama when i served with him in the state senate where...
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Nov 29, 2012
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the republican whips and told them they would be needing stronger bargaining position with president obama if they were to give taxpayers an early christmas present, vote to stepped the bush tax cuts all but the highest income earners and negotiate later about the highest -- about the very top bracket. that sounds like a way out of this corner the republicans have painted themselves into. >> it's an interesting tactic or strategy. the challenge is >> you're not against >> two things. by announcing -- we are trying to decide how to cut spending and we have a spending problem not a failure to raise taxes problem. and i think we should be focused on spending and when you have chambliss, four or five congressmen have said, we could raise taxes here and there. to be fair to them, someone like south carolina lindsay graham said i would raise taxes a little if i could get a guarantee of entitlement reform, a series of things democrats will never give them. when the "new york times" or cbs reports that conversation or talk by lindsay graham, they said if he said i would be willing to raise taxes,
the republican whips and told them they would be needing stronger bargaining position with president obama if they were to give taxpayers an early christmas present, vote to stepped the bush tax cuts all but the highest income earners and negotiate later about the highest -- about the very top bracket. that sounds like a way out of this corner the republicans have painted themselves into. >> it's an interesting tactic or strategy. the challenge is >> you're not against >> two...
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Dec 3, 2012
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a closed-door briefing earlier today to outline the proposal of president obama for the so- called fiscal cliff. what is the proposal? >> the top line #would be about $2.20 trillion in the budget control act. and they say compared to what the white house put out, the white house says it offers $4 trillion when using the same accounting as the white house, it would be about $4.60 trillion over 10 years. republicans say it would come from tax reform, but not to increasing tax rates. that has been a sticking point thus far in negotiations. >> you are talking about the bush tax rates? >> all of the bush era tax rates would be extended into next year and that would start the process for tax reform. it would be in the tax reform process that there would generate -- and they would generate $800 million -- $800 billion in revenue. and they say the $800 billion could be raised without raising tax rates, and this is something that is in dispute with the white house. the white house said there would be no deal unless republicans agreed to increase tax rates on the wall the next year. >> what do the
a closed-door briefing earlier today to outline the proposal of president obama for the so- called fiscal cliff. what is the proposal? >> the top line #would be about $2.20 trillion in the budget control act. and they say compared to what the white house put out, the white house says it offers $4 trillion when using the same accounting as the white house, it would be about $4.60 trillion over 10 years. republicans say it would come from tax reform, but not to increasing tax rates. that...
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Nov 29, 2012
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negotiations. today's vote underscores the urgency of meaningful negotiations. we must give a do impetus to ensure an independent democratic state of palestine lives with a secure state of israel. i urge the parties to renew their commitment for negotiating peace. i count on all to act responsibly, preserve your treatment in state building under the leadership of president abbas and the prime minister. thank you. [applause] >> i think the secretary-general of the united nations for a statement. >> we will break away from the united nations where they have approved palestine f nineor nonmember status by a vote of 138 in favor. 41 countries abstained. i will take you now back to capitol hill. former congressional leaders and vice president joe biden will pay tribute to former new hampshire senator. he died november 19 at the age of 82. he was a key player in the budget negotiation for the 1980's and the ranking republican during the iran- contra hearings. david souter will speak at this event. under
negotiations. today's vote underscores the urgency of meaningful negotiations. we must give a do impetus to ensure an independent democratic state of palestine lives with a secure state of israel. i urge the parties to renew their commitment for negotiating peace. i count on all to act responsibly, preserve your treatment in state building under the leadership of president abbas and the prime minister. thank you. [applause] >> i think the secretary-general of the united nations for a...
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Nov 30, 2012
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democrats from president obama to our senate candidates on down built their campaigns around the idea that budgets have to work for our middle class and that the wealthy need to pay their fair share. republicans were clear too their to protect the wealthny and it was rejected. the american people voted for the candidates who committed to fighting for the middle class and in exit polls they agree that the wealthy have to participate and pay their fair share. here we are at the end of the year and it's encouraging to hear some of the republicans soften on taxes on the rich. before the election republicans proudly fought to protect the rich from paying a penny more in taxes. grover nor quist ruled the day. but that election is over and we are hearing republicans renounce that once sacred pledge. we are hearing them talk about putting revenue on the table and about compromise which and we heard from one conservative republican that the house pass the bill to extend the tax cuts to 98% of the workers and 97% of the small business owners and then have a debate about tax cuts for the rich af
democrats from president obama to our senate candidates on down built their campaigns around the idea that budgets have to work for our middle class and that the wealthy need to pay their fair share. republicans were clear too their to protect the wealthny and it was rejected. the american people voted for the candidates who committed to fighting for the middle class and in exit polls they agree that the wealthy have to participate and pay their fair share. here we are at the end of the year...
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Dec 4, 2012
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republicans and joined obama to extend the bush era tax rates. first time university law professor looked at the history of the alternative minimum task -- tax. cluster e-mails, phone calls and tweets. tuesday at 7:00 a.m. eastern on c-span. more about the tax loopholes and deductions that could be involved in negotiations over the fiscal cliff. from our special washington journal series, this is 50 mins. >> we turn our attention today to deductions and tax -- tax loopholes. joining us to talk about this is john mckennan, thank you for being here. what are loopholes and deductions? we hear those words a lot. guest: loopholes or tax breaks of all different sorts. whether you like a particular loophole or not depends on where you sit. there are lots of loopholes that are deductions. deductions are the ones most people are familiar with. the big itemize deductions are things like a home mortgage interest deduction. there is one for state and local taxes that is very important. the deduction for charitable contributions. then they're all kinds of oth
republicans and joined obama to extend the bush era tax rates. first time university law professor looked at the history of the alternative minimum task -- tax. cluster e-mails, phone calls and tweets. tuesday at 7:00 a.m. eastern on c-span. more about the tax loopholes and deductions that could be involved in negotiations over the fiscal cliff. from our special washington journal series, this is 50 mins. >> we turn our attention today to deductions and tax -- tax loopholes. joining us to...
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Nov 30, 2012
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as president obama and congressional leaders continue to negotiate ways to avoid the fiscal cliff, the congressional black caucus will adhere to the following principles in considering its support of any agreement. first, we must protect our social safety net. social security should be completely off the negotiating table since it doesn't add to the deficit. additionally, the congressional black caucus will oppose any plans that changes eligibility for medicare. investments in job training, education, health care, transportation and infrastructure should not be cut to pay for the extension of any of the bush-era tax cuts. these vital government investments are critical to our nation's short-term recovery and long-term economic prosperity. the simpson-bowles commission set a goal of $4 trillion in deficit reduction over the next decade. considering that goal, $1.5 trillion in cuts have already been agreed to through the spending caps in the budget control act of 2011. nondefense discretionary spending as a percentage of g.d.p. is at a 50-year low. additional savings through military ope
as president obama and congressional leaders continue to negotiate ways to avoid the fiscal cliff, the congressional black caucus will adhere to the following principles in considering its support of any agreement. first, we must protect our social safety net. social security should be completely off the negotiating table since it doesn't add to the deficit. additionally, the congressional black caucus will oppose any plans that changes eligibility for medicare. investments in job training,...
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, but as secretary geithner said over the weekend, as, i think, president obama conveyed in the interview today with bloomberg tv, he remains confident we can get this done. he remains optimistic that once republicans accept that there is no deal without an acknowledgement and acceptance that rates have to go up on higher end earners that, well, we can find a compromise here that resolves the fiscal cliff and takes a very important step towards the kind of broad balanced deficit reduction package that do enormous good to the economy. the kind of package i should not leave out with targeting investments so the economy continues to grow and create jobs. as i said on occasions, deficit reduction in and of itself is not a goal, but part of the plan that is focused on economic growth and job creation. president's very focused on that. jay? >> just a second ago, you referred to how the debt ceiling, taking it off the table, needs to be part of the deal. you referred to the economy, you called held hostage by the ideological team. you were aware of this, senator obama was against -- >> we addres
, but as secretary geithner said over the weekend, as, i think, president obama conveyed in the interview today with bloomberg tv, he remains confident we can get this done. he remains optimistic that once republicans accept that there is no deal without an acknowledgement and acceptance that rates have to go up on higher end earners that, well, we can find a compromise here that resolves the fiscal cliff and takes a very important step towards the kind of broad balanced deficit reduction...
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Nov 29, 2012
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but i have a solution for president obama this time around. mr. president, turn the tables on him speaker boehner that is. we all recall the trap that the white house fell into last year, letting negotiations over the potential government shutdown be concluded only to be held hostage again when the republicans then refused to raise the debt ceiling without getting additional concessions. it was as congressman welch said it was professional malpractice not to wrap the debt ceiling into the first round of negotiations. so don't do it again. the debt ceiling will necessarily and inevitably be hit and breached early next year. yet when president obama told speaker boehner at their november 16th meeting to raise the ceiling by year's end boehner said there is a price for everything. no, there doesn't have to be. sometimes what is necessary and good policy should just be done. the ceiling will be breached because of the fiscal track we're on and agreeing to the expenditures and revenues that are now in place the debt ceiling will be exceeded because of
but i have a solution for president obama this time around. mr. president, turn the tables on him speaker boehner that is. we all recall the trap that the white house fell into last year, letting negotiations over the potential government shutdown be concluded only to be held hostage again when the republicans then refused to raise the debt ceiling without getting additional concessions. it was as congressman welch said it was professional malpractice not to wrap the debt ceiling into the first...
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if the united states could meet its commitment that obama made, then we could go at international negotiations, and develop an agreement. i think the chinese understand that ultimately building all these coal plants is going to hurt them more than us because they've got more people. they've got a lot of people along the coast lines. they have a lot of people living in very dry arid conditions that will just get drier. they have a lot of mouths to feed and they're drawing down their aquifers. i think if the u.s. were in a position to show some leadership to say we're going to reduce emissions, now china get off your butt and you reduce emission, then i think you could see a global deal. obviously if the richest country in the world, which is is the biggest cumulative polluter refuses to lead, you can hardly expect poorer countries too do so. >> eliot: it has not really accomplished anything but you're right. there is no way to anticipate success if we do not take the first step and say as wealthy as we are we cannot afford to do so. it's imperative that we do so. author of "language and intelli
if the united states could meet its commitment that obama made, then we could go at international negotiations, and develop an agreement. i think the chinese understand that ultimately building all these coal plants is going to hurt them more than us because they've got more people. they've got a lot of people along the coast lines. they have a lot of people living in very dry arid conditions that will just get drier. they have a lot of mouths to feed and they're drawing down their aquifers. i...
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. >> obama: if congress in any way suggests that they are going to tie negotiations to debt ceiling defaults, and take us to the brink of once again, as part of budget negotiations which by the way we have never done it in our history until we did it last year, i am not going to play that game. we have to break that habit before it starts. >> in other words homey don't play that. >> stephanie: exactly. [♪ "world news tonight" theme ♪] >> stephanie: i'm incredibly relieved to see rationality spreading throughout the republican party. he believes they are signalling interest in backing down on tax cuts for the wealthy. that's what representative welch said earlier on the show. he said they are going to cave. it's just a question of when. the president and boner talking about the fiscal cliff. >> they are talking on the phone. >> stephanie: no he drunk dialed him again. at all hours. >> as long as i'm there, it is open. [♪ "world news tonight" theme ♪] >> stephanie: president obama and the boner spoke by phone about the fiscal cliff. they provided no details about the negotiation, you k
. >> obama: if congress in any way suggests that they are going to tie negotiations to debt ceiling defaults, and take us to the brink of once again, as part of budget negotiations which by the way we have never done it in our history until we did it last year, i am not going to play that game. we have to break that habit before it starts. >> in other words homey don't play that. >> stephanie: exactly. [♪ "world news tonight" theme ♪] >> stephanie: i'm...
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. >> stephanie: the president on the fiscal cliff negotiations. >> obama: every hospital and university and not-for-profit agency across the country would suddenly find themselves on the verge of collapse so that's not a realistic option. >> getting rid of the charitable deduction. >> stephanie: did we cut that sound byte off for some reason? it is not reasonable to eliminate -- they're just bad ideas. >> it doesn't matter. it is same romney thing. they're giving a blanket number, just like he did without any specifics. >> stephanie: right. >> the democrats and the republicans -- the difference is that the president comes with very specific points you can look at. you can make a judgment on depending on your political preference but at least you can see what's going on. >> stephanie: theirs are like we'll do some loophole dynamic stuff -- [ whatever! ] >> totally a pile of cash under this tarp. it will be awesome. >> stephanie: who thinks eliminating the mortgage deduction is a good idea? >> people who own their own homes because they make millions of dollars a year and buy them hand ov
. >> stephanie: the president on the fiscal cliff negotiations. >> obama: every hospital and university and not-for-profit agency across the country would suddenly find themselves on the verge of collapse so that's not a realistic option. >> getting rid of the charitable deduction. >> stephanie: did we cut that sound byte off for some reason? it is not reasonable to eliminate -- they're just bad ideas. >> it doesn't matter. it is same romney thing. they're giving a...
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Dec 5, 2012
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cut for the bush-era tax cuts unbelievable for democrats >> bill: i am totally convinced president obama will never, never, never extend the tax cuts for the wealthiest americans again. >> he did it before. >> not this time. not this time. meredith shiner, always good to have you in the studio. >> great to be here, you guys. >> meredith >> bill: follow her at rolecale rolecale.com or on twitter twitter @meredithshiner. we will be back. i will be back with a quick parting shot for today. >> this is bill press show, live on your radio and on current tv. tell them it's like being nestled [ music ] surrounded by a 500-watt sound system while floating on a suspension made of billowy clouds. or you could just hand them your keys. ♪ ♪ ♪ ♪ then how'd i get this... [ voice of dennis ] ...allstate safe driving bonus check? what is that? so weird, right? my agent, tom, said... [ voice of dennis ] ...only allstate sends you a bonus check for every six months you're accident-free... ...but i'm a woman. maybe it's a misprint. does it look like a misprint? ok. what i was trying... [ voice of de
cut for the bush-era tax cuts unbelievable for democrats >> bill: i am totally convinced president obama will never, never, never extend the tax cuts for the wealthiest americans again. >> he did it before. >> not this time. not this time. meredith shiner, always good to have you in the studio. >> great to be here, you guys. >> meredith >> bill: follow her at rolecale rolecale.com or on twitter twitter @meredithshiner. we will be back. i will be back with a...
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Nov 29, 2012
11/12
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treasury secretary tim geithner, kind of obama's negotiator man at the table. see if they can make any headway. >>> art, later this half hour, she's 50, he's 26. demi moore has a new younger man in her life. who she is dating now coming up "the skinny." interesting choice. seeing how the last relationship turned out. >> all you need to know his last name is schnabel. >> not making that up. we are not making that up. >> no. >>> but first, we begin with breaking news, powerball officials are making it official this morning. two jackpot tickets sold for last night's lottery, one in missouri and one in arizona. >> missouri and arizona. congratulations. get this. by the time of the drawing the jackpot was worth $580 million. so we should mention the winning numbers right now, here they are, 5, 16, 22, 23, 29, and the powerball, my personal favorite number, 6. abc's steve osunsami got an inside look at where the winners were picked. >> reporter: buying lottery tickets like never before, more than 189 million powerball tickets sold in this final rush. >> thanks. >> th
treasury secretary tim geithner, kind of obama's negotiator man at the table. see if they can make any headway. >>> art, later this half hour, she's 50, he's 26. demi moore has a new younger man in her life. who she is dating now coming up "the skinny." interesting choice. seeing how the last relationship turned out. >> all you need to know his last name is schnabel. >> not making that up. we are not making that up. >> no. >>> but first, we begin...
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Nov 29, 2012
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saying tax breaks for the wealthy could be negotiated later. but house speaker john boehner disagrees. saying, that would hurt the economy. >>> if you know someone looking for a job, perhaps have them pick up a hammer and tool set. a new report says the construction industry lost nearly 2 million workers during the recession. but now that the housing industry is starting to bounce back, a few of the workers have returned. "usa today" reporting, texas, arizona, iowa, florida, are especially in need of such workers. >>> we're just getting new video of actress lindsay lohan, covering her face with a jacket after being arrested in new york. she's accused of punching a woman in a nightclub. she faces third-degree assault charges. >>> amanda knox is telling her story in a new memoir, more than a year after an italian court overturned her conviction for the murder of her roommate. the book, "waiting to the heard," is due out in april, stemming from a deal reportedly worth some $4 million. knox talks about her harrowing ordeal, suffering in prison for
saying tax breaks for the wealthy could be negotiated later. but house speaker john boehner disagrees. saying, that would hurt the economy. >>> if you know someone looking for a job, perhaps have them pick up a hammer and tool set. a new report says the construction industry lost nearly 2 million workers during the recession. but now that the housing industry is starting to bounce back, a few of the workers have returned. "usa today" reporting, texas, arizona, iowa, florida,...
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Dec 6, 2012
12/12
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negotiations. only 36% trust the "r"s in congress. joining me is nbc chief white house correspondent and political director and host of "the daily rundown," anything else you control around here? >> that's enough. >> and "the washington post's" chris cillizza. i think you've been reupped. year all over the place. you're the greatest. the absolute best there is in this -- >> let's be careful talking about the president outside the beltway. >> this is why i want you and chris on. what is the president hoping to get done? what's his time frame? does he believe in the cliff or does he think it's a bungee jump? >> no, he truly believes in the cliff. he has been getting -- and he's getting economic warnings from his own team that say, don't believe the congressional budget office which is kind of rosy about this who says it would be a tough 2013 if we went over the cliff but things would get better. he is getting updates saying, no, no, no we will go into recession. >> therefore, let's go to the therefor
negotiations. only 36% trust the "r"s in congress. joining me is nbc chief white house correspondent and political director and host of "the daily rundown," anything else you control around here? >> that's enough. >> and "the washington post's" chris cillizza. i think you've been reupped. year all over the place. you're the greatest. the absolute best there is in this -- >> let's be careful talking about the president outside the beltway. >>...
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in his first interview since the election, president obama reiterated his demand that any deal must raise taxes on the highest earner. yesterday obama also appeared to showroom for flexibility on actually relowering those tax rates in the future. >> i don't think that the issue right now has to do with sitting in a room. the issue right now that's relevant is the acknowledgement that if we're going to raise revenues that are sufficient to balance with the very tough cuts that we've already made and the further reforms and entitlements that i'm prepared to make, that we're going to have to see the rates on the top 2% go up. and we're not going to be able to get a deal without it. p what i've suggested is let's essentially put a down payment on taxes. let's let tax rates on the upper income folks go up. and then let's set up a process with a time certain at the end of 2013 or the fall of 2013 where we work on tax reform, we look at what loopholes and deductions both democrats and republicans are willing to close, and it's possible that we may be able to lower rates by broadening the base at
in his first interview since the election, president obama reiterated his demand that any deal must raise taxes on the highest earner. yesterday obama also appeared to showroom for flexibility on actually relowering those tax rates in the future. >> i don't think that the issue right now has to do with sitting in a room. the issue right now that's relevant is the acknowledgement that if we're going to raise revenues that are sufficient to balance with the very tough cuts that we've...
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Dec 5, 2012
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but i'm guessing with the way the fiscal cliff negotiations are going the estimated $852 quadrillion dollars of funding needed for one alone just isn't in the cards. dog gone it. i'm going to sign up tonight. >>> can both parties reach an agreement ones fiscal cliff? 40% of you say yes, 60% say no. >>> coming up, this could be one of the dumbest votes the republicans have ever cast in the history of the senate. we'll talk about the big win and the emotional reaction from moderates. that's next. what's next? he's going to apply testosterone to his underarm. axiron, the only underarm treatment for low t, can restore testosterone levels back to normal in most men. axiron is not for use in women or anyone younger than 18. axiron can transfer to others through direct contact. women, especially those who are or who may become pregnant, and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. report these signs and symptoms to your doctor if they occur. tell your doctor about all medica
but i'm guessing with the way the fiscal cliff negotiations are going the estimated $852 quadrillion dollars of funding needed for one alone just isn't in the cards. dog gone it. i'm going to sign up tonight. >>> can both parties reach an agreement ones fiscal cliff? 40% of you say yes, 60% say no. >>> coming up, this could be one of the dumbest votes the republicans have ever cast in the history of the senate. we'll talk about the big win and the emotional reaction from...
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Dec 5, 2012
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and if you talk to republicans, one thing that blew up those negotiations obama said he needed more revenue, needed $1.2 trillion and that fell apart. but the other thing that's changeds is simply that the american people have weighed in an election and re-elected the president and tilts the see-saw in what democrats would like in a larger revenue. >> the economy is in a different position, the president actually did sign into law a series of cuts, he's proposed a lot in his 2013 budget. it's not like he's been stagnant. we've been having this argument throughout the presidential campaign and guess what? as we keep saying, americans said we're not buying it. the conditions have changed, the economy has changed, i think the outlook in the picture has changed. that's part of the reason the president is so firm about not going back to the debt ceiling conversation again and creating that level of instability and not bending on this issue of raisings the rates on the top 2%. >> yeah. i think -- >> go ahead. >> it's an important point. i think the american people are seeing that the pres
and if you talk to republicans, one thing that blew up those negotiations obama said he needed more revenue, needed $1.2 trillion and that fell apart. but the other thing that's changeds is simply that the american people have weighed in an election and re-elected the president and tilts the see-saw in what democrats would like in a larger revenue. >> the economy is in a different position, the president actually did sign into law a series of cuts, he's proposed a lot in his 2013 budget....
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Dec 2, 2012
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in that the congressional republicans want to draw president obama into these negotiations. they want these to be about boehner and obama. last time it happened was the 2011 debt ceiling negotiations and that didn't really turn out so well. >> why would that be their aim? >> they want to make this about the president and boehner. and they think they can get a better deal that way. the pro who white house strategy is to have this happen at the staff level and the president float above it and go out and make his case to the country. as he did later in 2011 on the extension of the payroll tax holiday. they really feel that the more they have, the president sort of down on boehner's level, the worse things are going to go. >> anna marie, i want to get your take on something that democratic senator claire mccaskill said on "meet the press," about the choice that republicans face. take a listen. >> they're going to get stuck with a raising of the rates of the top 2%. either in a very painful way. or in a way that we can all suffer a little bit. address all three legs of the stool.
in that the congressional republicans want to draw president obama into these negotiations. they want these to be about boehner and obama. last time it happened was the 2011 debt ceiling negotiations and that didn't really turn out so well. >> why would that be their aim? >> they want to make this about the president and boehner. and they think they can get a better deal that way. the pro who white house strategy is to have this happen at the staff level and the president float...
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Dec 3, 2012
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the gop has done very well over the last few years is in the negotiations with president obama. they've held a hard line to the very end including during the debt limit where john boehner is allowed to say he got 98% of what he wanted. what you have to look for is the splinter that tom cole started last week, heard mr. chris toll say about how the president has an effective bully pulpit he can go around the country and say 98% of americans with a tax cut under my plan, trying to save it for the rich. republicans are coalescing around, if anything, is this idea that in order for the president to move on entitlements, they got to hold this hard line on the bush tax cuts for 250 or above. they don't want any deal that doesn't have to pertain to entitlements. that's why you're seeing the saber rattling that we thought would only be in november continue into december. as of right now there is no clear way forward talking to both sides. >> the -- michael steele, the saber rattling has reached an almost deafening pitch, i think. maybe on both sides. i wonder, you know, from your perspe
the gop has done very well over the last few years is in the negotiations with president obama. they've held a hard line to the very end including during the debt limit where john boehner is allowed to say he got 98% of what he wanted. what you have to look for is the splinter that tom cole started last week, heard mr. chris toll say about how the president has an effective bully pulpit he can go around the country and say 98% of americans with a tax cut under my plan, trying to save it for the...
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Nov 29, 2012
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oklahoma's tom cole, a member of congress says the grand old party should take president obama's view, extend bush tax cuts for all but the top 2%. that's a sign some republicans may be open to higher rates for the rich. >>> is it possible negotiators could learn something from the most important movie out there right now "lincoln." doris kearns goodwin joins us. >>> let me finish with how lincoln outlawed slavery for good and how he did it using politics. this is "hardball," the place for politics. >>> how's this for irony? mitt romney has finally captured 47% of america. remember this video that sunk the romney campaign? >> there are 47% of the people who will vote for the president no matter what. 47% who are with him, who are dependent upon government, who believe they are victims, who believe the government has a responsibility to care for them. >> well, the cook report points out romney shared a popular vote of this country has fallen to, you guessed it, 47.4%. as expected to fall further, and settle at the 47 mark, exactly. we'll be right back. [ woman ] . progresso. in what wo
oklahoma's tom cole, a member of congress says the grand old party should take president obama's view, extend bush tax cuts for all but the top 2%. that's a sign some republicans may be open to higher rates for the rich. >>> is it possible negotiators could learn something from the most important movie out there right now "lincoln." doris kearns goodwin joins us. >>> let me finish with how lincoln outlawed slavery for good and how he did it using politics. this is...
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but i'm guessing with the way the fiscal cliff negotiations are going, the estimated $852 quadrillion dollars of funding needed for one steel alone just isn't in the cards. doggone it. i'm going to sign up tonight. >>> can both parties reach an agreement ones fiscal cliff? 40% of you say yes, 60% say no. >>> coming up, this could be one of the dumbest votes the republicans have ever cast in the history of the senate. we'll talk about the big win and the emotional reaction from moderates. that's next. suddenly, she does something unexpected and you see the woman you fell in love with. she's everything to you. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis
but i'm guessing with the way the fiscal cliff negotiations are going, the estimated $852 quadrillion dollars of funding needed for one steel alone just isn't in the cards. doggone it. i'm going to sign up tonight. >>> can both parties reach an agreement ones fiscal cliff? 40% of you say yes, 60% say no. >>> coming up, this could be one of the dumbest votes the republicans have ever cast in the history of the senate. we'll talk about the big win and the emotional reaction from...
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but i'm guessing with the way the fiscal cliff negotiations are going the estimated $852 quadrillion dollars of funding needed for one alone just isn't in the cards. dog gone it. i'm going to sign up tonight. >>> can both parties reach an agreement ones fiscal cliff? 40% of you say yes, 60% say no. >>> coming up, this could be one of the dumbest votes the republicans have ever cast in the history of the senate. we'll talk about the big win and the emotional reaction from moderates. that's next. [ male announcer ] citi turns 200 this year. in that time there've been some good days. and some difficult ones. but, through it all, we've persevered, supporting some of the biggest ideas in modern history. so why should our anniversary matter to you? because for 200 years, we've been helping ideas move from ambition to achievement. and the next great idea could be yours. ♪ and the next great idea could be yours. customer erin swenson bought so, i'm happy. today. sales go up... i'm happy. it went out today... i'm happy. what if she's not home? (together) she won't be happy. use ups! she can
but i'm guessing with the way the fiscal cliff negotiations are going the estimated $852 quadrillion dollars of funding needed for one alone just isn't in the cards. dog gone it. i'm going to sign up tonight. >>> can both parties reach an agreement ones fiscal cliff? 40% of you say yes, 60% say no. >>> coming up, this could be one of the dumbest votes the republicans have ever cast in the history of the senate. we'll talk about the big win and the emotional reaction from...
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this treaty, though signed by president obama, was actually negotiated by president george w. bush. but that was not good enough for 38 republicans. republicans made up transparently ridiculous reasons to vote against it. they said it threatened america's sovereignty, even though senator kerry repeatedly showed them that the treaty requires no changes in u.s. law and that the treaty cannot be used as the basis for a lawsuit in u.s. courts. the opponents said it was inappropriate to consider a treaty ma post election lame duck session, never mind that just since i've been watching the senate, they've approved treaties 19 times during lame duck sessions. and then they said, and this is what did it, this is what the 38 no votes were trapped by, the tiniest possible interest group you could imagine affecting the outcome of something so important. the homeschooling crowd. then they said that the treaty endangered homeschooling. homeschooling fanatics expressed worry that the treaty could lead to the government imposing new regulations on the homeschooling of disabled children, even thoug
this treaty, though signed by president obama, was actually negotiated by president george w. bush. but that was not good enough for 38 republicans. republicans made up transparently ridiculous reasons to vote against it. they said it threatened america's sovereignty, even though senator kerry repeatedly showed them that the treaty requires no changes in u.s. law and that the treaty cannot be used as the basis for a lawsuit in u.s. courts. the opponents said it was inappropriate to consider a...
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public is likely to blame republicans if negotiations blow up and the new year begins with a fiscal disaster. the facts didn't stop speaker boehner from claiming the white house is holding up negotiations. >> majority leader and i just had a meeting with the treasury secretary. it was frank, and it was direct. i was hopeful we'd see a specific plan for cutting spending. >> the treasury secretary's proposal seems pretty specific. it even includes $400 billion in specific cuts. but john boehner sees something different. >> we know what the menu is. what we don't know is what the white house is willing to do to get serious about solving our debt crisis. >> so what is this all about? i mean, i guess john boehner has his own definition of specifics. according to the john boehner dictionary, specifics means, having all the attributes john boehner agrees with and nothing he doesn't like. keep in mind, this is the same boehner who said $38 billion in cuts was the largest real dollar spending cut in american history. when boehner got those cuts last year, he called himself a pretty happy man
public is likely to blame republicans if negotiations blow up and the new year begins with a fiscal disaster. the facts didn't stop speaker boehner from claiming the white house is holding up negotiations. >> majority leader and i just had a meeting with the treasury secretary. it was frank, and it was direct. i was hopeful we'd see a specific plan for cutting spending. >> the treasury secretary's proposal seems pretty specific. it even includes $400 billion in specific cuts. but...
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Nov 29, 2012
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obama sends chief negotiator treasury secretary tim gheiter for individual meetings with each member of the conditioningal leadership which includes speaker john boehner, perhaps the most important player here. the meetings mark the beginning of the real negotiations. that doesn't mean the posturing stage is behind us. one capitol hill veteran, former fdic, sheila bair, a long-time staffer by the way who butted heads with geithner in the past, made this interesting observation to david gregory about tim geithner saying he's not the right guy for the white house to be sending in for these talks. >> do you think tim geithner, secretary geithner is the right person to lead the negotiations for the administration sf. >> i don't know. i don't think this is tim's strong suit. i think tim was given the job of treasury secretary because he understood the banking system. he's not a budget guy. he's not a tax guy. he's never really worked in this sphere. >> geithner is leading these talks for two reasons. he and the president are very close. they simply click. secondly, boehner likes him. that
obama sends chief negotiator treasury secretary tim gheiter for individual meetings with each member of the conditioningal leadership which includes speaker john boehner, perhaps the most important player here. the meetings mark the beginning of the real negotiations. that doesn't mean the posturing stage is behind us. one capitol hill veteran, former fdic, sheila bair, a long-time staffer by the way who butted heads with geithner in the past, made this interesting observation to david gregory...